Chardan Capital Reiterates a Buy Rating on Crispr Therapeutics AG (CRSP)
In a report released today, Gbola Amusa from Chardan Capital reiterated a Buy rating on Crispr Therapeutics AG (NASDAQ: CRSP), with a price target of $72.50. The company’s shares closed yesterday at $36.64.
According to TipRanks.com, Amusa is a 5-star analyst with an average return of 20.5% and a 47.8% success rate. Amusa covers the Healthcare sector, focusing on stocks such as Spring Bank Pharmaceuticals Inc, Applied Genetic Technologies, and Iovance Biotherapeutics Inc.
Crispr Therapeutics AG has an analyst consensus of Moderate Buy, with a price target consensus of $68.17, an 86.1% upside from current levels. In a report released yesterday, Wells Fargo also initiated coverage with a Buy rating on the stock with a $65 price target.
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Based on Crispr Therapeutics AG’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $38.38 million. In comparison, last year the company had a GAAP net loss of $24.71 million.
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CRISPR Therapeutics AG engages in the development and commercializtion of therapies derived from genome-editing technology. Its proprietary platform CRISPR/Cas9-based therapeutics allows for precise and directed changes to genomic DNA. The company was founded by Rodger Novak, Emmanuelle Charpentier, and Shaun Patrick Foy in 2014 and is headquartered in Zug, Switzerland.